This property looks like a bad Mid-Term investment with a projected -3.51% first-year return on $84,129 initial cash invested.
-3.51%
Cash On Cash
5.62%
Cap Rate
0.92
DSCR
$2,811
Rent
-$246
Cashflow
Cash Flow
$2,811 income − $3,057 expenses = $246 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,129
Downpayment
20%
$62,980
Closing costs
1%
$3,149
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,811
Total Expenses
$3,057
Mortgage P&I
57%
$1,608
Property Taxes
14%
$385
Home Insurance
4%
$110
HOA
0%
$0
Property Management
12%
$337
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$309